WASHINGTON: US stocks outperformed major markets across the globe in 2011 as the S&P 500 made it past the finish line Friday virtually unchanged after one of the most volatile years on record. Channel NewsAsia Business News
WASHINGTON: Boeing won a $ 3.48 billion contract Friday to retain its leading role in building a US shield against long-range ballistic missiles, defeating rival Lockheed Martin Corp., officials said Friday. Channel NewsAsia Business News
SINGAPORE: By some measure, Myanmar had a spectacular 2011. Endorsed as chair of Asean for 2014, and a high profile visit from the US secretary of state – reward for recent political reforms that have elevated confidence in an economy barely emerging from years in the dark. Channel NewsAsia Business News
NEW YORK: The euro rebounded slightly on Thursday after sinking to 15-month lows against the dollar, in trading coloured by a mixed-result Italian bond auction. Channel NewsAsia Business News
BEIJING, China: China said on Thursday it will “withdraw support” for foreign investment in auto manufacturing to encourage the domestic industry in the world’s largest car market. Channel NewsAsia Business News
SEOUL: South Korea’s industrial production suffered a surprise fall in November as a global economic downturn curbed demand for electronics and other key products, official data showed Thursday. Channel NewsAsia Business News
SHANGHAI: China’s state news agency urged the United States to put an end a “meaningless quarrel” over its yuan currency, a day after Washington declined to name Beijing a currency manipulator. Channel NewsAsia Business News
NEW YORK: The dollar traded flat against the euro on Tuesday as markets remained quiet in the Christmas-New Year holiday period. Channel NewsAsia Business News
WASHINGTON – The US government will hit its debt limit in the first week of January, the Treasury Department said on Tuesday, as it pointed to an imminent request for a $ 1.2 trillion increase. Channel NewsAsia Business News
BANGKOK: Japanese automaker Honda on Tuesday began destroying more than 1,000 cars in Thailand to reassure customers that no vehicles damaged in the country’s recent flood crisis will ever be sold. Channel NewsAsia Business News